Vocational Independence Program Vip

Analysis

Vocational Independence Program Vip is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in February 1956, 70 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Vocational Independence Program Vip reported income of $539k and spending of $714k, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $539k (-56%), an average of -19% a year. The sharpest change came in the year to September 2023, when income rose by 205%. Over the whole period it spent 140% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vocational Independence Program Vip sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Tuscaloosa Child Care Association Inc ($539k), Montrose Counseling Center Permanent Endowment Inc ($539k) and Custer County Conference of the Society of St Vincent Depaul ($539k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.6% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $113k (16% of expenses). Other salaries and wages came to $258k. At year end it held assets of $3.2m against liabilities of $55k, net assets of $3.2m. It reported 27 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.